Placing an Order
Orders to buy or sell currencies can be placed
any time the market is open. With most
trading platforms, placing a forex order is as
easy as a click of the mouse.
If a trader wishes to buy a currency pair, he is
said to be taking a long position on that pair.
The trader who is long will profit when the
currency pair increases in value. A trader who
sells a currency pair is said to be going short.
That trader will profit if the currency pair
decreases in value.
Orders to buy or sell currencies can be placed
any time the market is open. With most
trading platforms, placing a forex order is as
easy as a click of the mouse.
If a trader wishes to buy a currency pair, he is
said to be taking a long position on that pair.
The trader who is long will profit when the
currency pair increases in value. A trader who
sells a currency pair is said to be going short.
That trader will profit if the currency pair
decreases in value.
